USA: G-III Apparel Sales Up 32.8 Per Cent

Net sales at G-III Apparel Group Ltd, the manufacturer and distributor of leather and non-leather outerwear apparel, increased 32.8 per cent to $62.9m ($47.4m) for the three months ended July 31, 2001. Net income for the quarter increased to $3.9m, or $0.52 per diluted share, in line with the company's previous guidance. This compares to net income of $3.4m, or $0.49 per diluted share, during the same period last year.

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